More Railroad Stock Certificates

 

 

 

 

 

 

Here are some more stock certificates that I think would be of interest to the Akron Railroad Club members.

As for stocks issued after a company “died,” most acquisitions and mergers were actually 999 year leases.

Keeping companies as separate entities on paper had great tax and union benefits. Once keeping separate railroads got more expensive than the benefits is when railroads actually consolidated.

That is why Chessie, for example, had locomotives and other equipment with Baltimore & Ohio, Chesapeake & Ohio and Western Maryland sub lettering.

On paper, Chessie System was still three separate railroads. I am showing an old (1930s) and newer Erie certificate for comparison of how certificates were “modernized” over the years. Some that showed steam were remade with diesels.

Article and Photographs by Jack Norris

Advertisements

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: